this is bankruptcy for the entire state, the city of chicago or a bailout from the federal government, and senator demint making it very clear that it's not going to happen. here's the deal. 71 cents -- think about this, megyn -- 71 cents out of every dollar spent on education in the state of illinois is spent for retirement and health care for teachers. 71 cents. megyn: that's incredible. >> this is a state that is corrupt, it is a state with officialdom that is utterly dysfunctional and incompetent, and you just saw one of the greatest nonsense acts, pure political theater in chicago, mayor rahm emanuel and the teachers' union coming to a deal which resulted in a 16.5% pay raise while only 15% of their students are proficient if reading, more than half are not even capable of basic reading skills. meg "the wall street journal" wrote sooner or later we knew it would come to this since the democrats can't bring themselves to oppose union demands. they give and they gave give and they give to the unions, and eventually the bill comes due. but the question is whether any federal politic